Monday, April 03, 2006 12:21:26 PM
Re: Patience in the face of protracted declines..............
Keane Inc. had a stock price peak of around $18 in early 2004 and has yet to achieve a return to that earlier price. That long slide would have been hard to handle with reasonable patience for a new AIM user. Believe me, it would have been even harder for Mr. Buynhold.
With AIM's help, the value of the account now is actually higher than in 2004 even with the price/share at $15.77.
LIFO gains from this most recent cycle are excellent and overall gross profit is now showing above 100% since starting this virtual PIC holding in August of 2002. It's interesting to note at this juncture that Mr. Buynhold is also showing a double from the initial starting price. However, he's been 100% at risk the entire time to achieve that result.
AIM by comparison has only had 69.5% of its portfolio at risk on average for the entire period of time. So, AIM "Return On Capital At Risk" or ROCAR has been 148% by comparison to Mr. Buynhold.
So, AIM's been able to equal Mr. Buynhold's performance over the same time frame with significantly less risk. This is AIM's functional goal.
Best regards, Tom
Keane Inc. had a stock price peak of around $18 in early 2004 and has yet to achieve a return to that earlier price. That long slide would have been hard to handle with reasonable patience for a new AIM user. Believe me, it would have been even harder for Mr. Buynhold.
With AIM's help, the value of the account now is actually higher than in 2004 even with the price/share at $15.77.
LIFO gains from this most recent cycle are excellent and overall gross profit is now showing above 100% since starting this virtual PIC holding in August of 2002. It's interesting to note at this juncture that Mr. Buynhold is also showing a double from the initial starting price. However, he's been 100% at risk the entire time to achieve that result.
AIM by comparison has only had 69.5% of its portfolio at risk on average for the entire period of time. So, AIM "Return On Capital At Risk" or ROCAR has been 148% by comparison to Mr. Buynhold.
So, AIM's been able to equal Mr. Buynhold's performance over the same time frame with significantly less risk. This is AIM's functional goal.
Best regards, Tom
Port Washington, WI 53074
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